The Business Times, 19 July 2007

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Total Pages: 42
1 42 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday, July 19,2007
    20 words
  • 973 1  -  Move seen boosting government kitty, other steps may follow Reports by KALPANA RASHIWALA [SINGAPORE] Catching the market off-guard, the government yesterday changed the formula for computing the development charges (DC) that must be paid for enhancing a site's use, effectively raising
    973 words
  • 664 1 Big rush to get 80% consent before amendment kicks in [SINGAPORE] Some collective sale agents and sales committees have jacked up reserve prices significantly over the past few weeks in order to beat an impending change in en bloc
    664 words
  • 136 1 ST INDEX 3,583.97 (-67.08) ST INDEX FUTURES 3,584 (-68) SIMSCI 440.92 (-8.71) SIMSCI FUTURES 440.00 (-10.40) MARKETS Wednesday Change KLCOMP 1,369.23 -8.25 NIKKEI 225 18,015.58 -201.69 HANG SENG 22,841.92 -215.38 SET INDEX 849.56 7.35 JAKARTA COMP 2,294.59 -6.75 MANILA COMP 3,734.80 +5.12 SEOUL COMP 1,930.70 -18.81 SHENZHEN B
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  • TOP STORIES
    • 412 2  -  STI hit as property stocks lose steam, combined with falls on Wall St and Japan and HK bourses By R SIVANITHY [SINGAPORE] A plunge in the futures market for Wall Street indices, sudden worries of government intervention to cool off the local
      Source: Bloomberg  -  412 words
    • 546 2  -  More bad news for beleaguered M'sian free zone By DONALD URQUHART [SINGAPORE] Jebel Ali Free Zone (Jafza), the free zone management unit of Dubai World, said yesterday that it was pulling out of Malaysia's ambitious Port Klang Free Zone, citing lack of operational
      FILE PHOTO  -  546 words
    • 602 2  -  First tenant Abbott setting up $450 m plant by Dec 2008 By CHEN HUIFEN [SINGAPORE] Singapore is preparing to attract even more drug makers here, with the development of a second manufacturing park in the western part of the island.
      602 words
    • 545 2 Citibank's new plastic targeted at low-income earners CITIBANK has become the first bank in Singapore to launch a credit card targeted at lower-income earners. Taking advantage of the tweaked credit rules, its card comes with a spending cap of $500. It is open to applicants aged 18 and
      545 words
    • 654 4  -  It is first bank here to launch card for those earning less than $30 ,000 a year By CHOW PENN NEE [SINGAPORE] Citibank has ventured into a territory that even local banks are yet to test. Yesterday, it became the first bank in
      654 words
    • 565 4  -  Home buyers and developers spar over apartments' sizes By JANE MOIR in Hong Kong HONG KONG policy-mak-ers are coming under increasing pressure to draft laws regulating property sales in the city as consumers clash with developers over tactics used to seal
      REUTERS  -  565 words
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    • 250 4 Jointly Organised by ACRA hi Dp *v*l\#\ I J JH BUREAU Accounting Corporate I ijl dtc Tf"\ Regulatory Authority lififllßflii rll LIL/ A Strategic Partner action Trlwlwcommunity for VBHT antr«pr*n«ur<hlp START- UP ENTERPRISE CONFERENCE ***** Date: Thursday, 26 July 2007 Time: 8.30 am 5.30 pm Venue: Orchard Hotel 442 Orchard
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    • 305 4 SCORE CARD CATS PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT OF THE RESULT OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS It is hereby announced to all shareholders of PT International Nickel Indonesia Tbk. ("PT Inco" or "the Company") that the Extraordinary General Meeting of Shareholders held on Wednesday, July 18, 2007
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    • 354 4 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF (1) CANARY RIVERSIDE HOLDINGS PTE LTD Company Registration No. *****0783E (2) CANARY RIVERSIDE DEVELOPMENT PTE LTD Company Registration No. *****0784R (3) CANARY RIVERSIDE ESTATE PTE LTD Company Registration No. *****0785G (4) CANARY RIVERSIOE INVESTMENTS PTE LID
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  • COMPANY NEWS
    • 531 6  -  By MATTHEW PHAN AS Singapore-based companies hop onto the biofuel wagon, they are having to learn skills that have not occurred to many Singaporeans: agricultural and farming practices. This was evident at a public seminar on biodiesel production at
      531 words
    • 386 6  -  Distribution per unit for the quarter rises 20.9% to 2.14 cents By ARTHUR SIM HELPED by higher rental income, K-Reit Asia's net profit for the second quarter ended June 30 soared 70.4 per cent to $4.16 million from a proforma
      386 words
    • 657 6  - Eng Wall's story gets more exciting and rewarding HOCK LOCK SIEW By VEN SREENIVASAN rINEMA and entertainment group Eng Wah Organisation's shares have attracted quite a bit of atten- tion of late. Despite the market's pullback yesterday, the stock stood its ground at around 54-55 cents.' In late May, the
      657 words
    • 238 8 THE Singapore Exchange (SGX) announced yesterday that it will be offering two new over-the-counter (OTC) contracts for Dubai crude and kerosene swaps. SGX Asia Clear will offer the clearing of OTC balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts
      238 words
    • 492 8  -  ABN Amro launches new card; Maybank offers fresh rewards By CHARMIAN KOK COMPETITION in the premium credit card market is heating, with ABN Amro yesterday introducing a new platinum card while Maybank is adding an exclusive reward programme. ABN Amro's new
      492 words
    • 315 9  -  Preferential offering all subscribed; 13m private placement 24 times subscribed By UMA SHANKARI CDL Hospitality Trusts (CDL HT) yesterday said that its preferential offering of 107.2 million new units in the real estate investment trust (Reit) has received strong support from investors
      315 words
    • 193 9 Bloomberg SHARES of Singapore Petroleum Co (SPC), the only oil refiner traded on the city state's stock exchange, rose to a record on speculation a surge in refining profit may boost second quarter earnings. The shares gained as much as 25 cents,
      Bloomberg  -  193 words
    • 236 9 Dubai Drydocks' stake in Pan-Utd nears 90% DUBAI Drydocks World, the shipyard arm of Dubai World, has announced it has received acceptances of nearly 88 per cent of Pan-United Marine shareholders as at July 17. The Dubai group initiated a voluntary cash offer in May and has said
      236 words
    • 306 9  -  Tangs' staff training efforts result in sales rising, industry nods By GRACE CHUA TO win customers over, you need to win staff over first. That's what homegrown retail icon Tangs discovered when it took part in Spring Singapore's Custom-er-Centric Initiative (CCI) to
      FILE PHOTO  -  306 words
    • 512 6  -  It appoints Peter Negline, former JP Morgan Securities exec, as CFO By VEN SREENIVASAN IN a move suggesting that it is indeed earnestly preparing for its initial public offering (IPO), Singapore Airlines' budget airline associate Tiger Airways has appointed former JP Morgan Securities'
      512 words
    • 507 8  -  $7.2-$7.5 m package puts him in same league as top earners at Keppel Corp and local banks By LYNETTE KHOO WHEELOCK Properties' managing director and chief executive officer David Lawrence has emerged as one of the highest paid bosses here, alongside top executives
      FILE PHOTO  -  507 words
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  • Page 8 Advertisements
    • 175 8 I changing the Business Model i Registration Ssloo nett per pax (inclusive of lunch) Fax in this form, complete with details, to 6319 8183 now. to Drive Superior Growth I Closing date: July 30, 2007. All successful participants will be contacted by July 31,2007. Patrick Medley I Asia Pacific Markets
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  • SINGAPORE MARKETS
    • 511 10  -  STOCKS Early euphoria vanishes on HK market plunge and talk of property intervention R SIVANITHY Senior Correspondent THE words "frothy", "overdone" and "dangerously speculative" sprang to mind in describing the penny stock i mania of the past few weeks. But try telling
      Source: Bloomberg  -  511 words
    • Article, Illustration
      962 10 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Unch Up Down Undi Multi Ind 1 16 1 0 0 0 1 16 1 Manufacturing 13 198 23 4 51 3 17 249 26 Commerce 4 73 6 2 22 2 6 95' 8 Tpt/Stor/Comms 2 34 7
      962 words
    • Article, Illustration
      930 10  -  Compiled by UMA SHANKARI Aztech Systems July 18 dose: 550.62 Cazenove, July 16 BLUE sky scenario: Aztech Systems is at the sweet spot of a demand cycle driven by rising broadband adoption, product replacement cycle fiielled by 802.1 In wireless technologies, new web technologies, rising IPTV adoption and
      Source: Bloomberg  -  930 words
    • 454 10 CURRENCIES AFP [TOKYO] The US dollar buckled yesterday to a record low against the euro and a 26-year trough against the pound on growing fears about the economic fallout of problems in the US housing market, dealers said. They said prospects of higher
      AFP; BLOOMBERG  -  454 words

  • Page 11 Advertisements
    • 230 11 IN ASSOCIATION WITH THE STRAITS TIMES www.globalbrandlorum.org r m wTi>l Mjllv^^^H "fb* i lira urnimi iiwMiiiw ON HIUIIITIKES TO CRERfE LEADER BRMDS The most anticipated brand forum in Asia returns this August for two days only at the Ritz-Carlton, Millenia Singapore, with invaluable insights from the mavericks who have redefined
      230 words

  • GLOBAL BRAND FORUM
    • Article, Illustration
      807 12  -  By VINCENT WEE TAKING the high road is something that Global Brand Forum chairman S Karthik is very keen to promote. According to him, global brand leadership is no longer just about market share and volume or size but rather demands a different approach which is human, meaningful
      807 words
    • 830 12 Al Gore 45th vice-president of the United States Author, An Inconvenient Truth (which is also a major motion picture) Chairman, Current TV Chairman, Generation Investment Management I Former US vice-president Al Gore's I bestselling book and the major motion picture based on it, An Inconvenient Truth brings
      830 words
    • Article, Illustration
      1220 14  -  VINCENT WEE explains what it takes to make the brand come alive and reach out to its consumers VIMCENT WEE A CLEAR understanding of what branding entails is a key element in the business model of Asia Pacific Breweries (APB). "Our business is about brands, and APB's
      1,220 words
    • 864 14  -  By VINCENT WEE THE job of educating small and medium-sized enterprises (SMEs) about the importance of branding seems to be an uphill one. The same age-old misconceptions that leave them fixating on product and price continue to dog these smaller players. "The awareness is
      864 words
    • 1261 16  -  The firm's brand philosophy is built and based on people and their needs, not just on technology, writes JANICE HENG JANICE HENG NOKIA Corporation may be at the leading edge of technology, but the Finland-based mobile phone giant keeps its focus firmly on the
      1,261 words
    • 464 16  -  BY ARUN JOHN A BEHEMOTH of the digital world, Microsoft has its fingers in almost every online pie. From the MSN network to the XBox, the company is a prime example of how the platform for digital advertising is shaping up in the very near
      464 words
    • 1008 16  -  ARUN JOHN KEVIN Roberts is by no stretch of the imagination a stranger to unconventional ways of capturing attention. Under his watch as head of Pepsi-Cola in Canada, the soft drink overtook Coca-Cola as the country's leading soft drink. To celebrate, he
      1,008 words
    • 526 18  -  Former US vice-president Al Gore to receive Romulus watch at GBF, writes JAMIE LEE JAMIE LEE SWISS watch maker Corum did some serious soul-searching last year. Corum, which is a relatively young 52, compared with counterparts twice its age, recently put some serious thought into what
      526 words
    • 603 18  -  By JAMIE LEE LEXUS is painting the town green with its new luxury hybrid car. The Japanese car maker launched its luxury hybrid car last month, on the back of rising global concern about the environment. The new Lexus LS6OOh L which its maker
      603 words
    • 739 18  -  By VINCENT WEE GOOGLE, the Internet search engine, is arguably a unique brand as it is most often interacted with daily by people all over the world. "Users touch Google maybe, eight or 10 or 20 times a day," says Google regional managing director for
      739 words

  • Page 13 Advertisements
    • 145 13 3 77- t' J'i v V/' dnd venture into new rnarkcfis. partner of the Global Brand Forum, IE Singapore, recognises branding as a key capability critical to company's business success. With Brand Pact, a multi-agency initiative designed to support local enterprises as they grow and expand within Singapore and into
      145 words


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  • SINGAPORE NEWS
    • 276 19  -  By NISHA RAMCHANDANI SINGAPORE is making strides in its bid to achieve service excellence and competitiveness, with the launch Of the Institute of Service Excellence@SMU (ISES) yesterday. The institute a combined effort between the Singapore Workforce Development Agency (WDA) and Singapore Management University (SMU) aims
      276 words
    • 234 19 COEs for passenger cars up 8.1 COE premiums for passenger cars reversed their downward trend yesterday. After slipping in the three previous bidding rounds, prices for certificates of entitlement for cars up to 1,600 cc went up 8.1 per cent to $16,000. They were at $14,801 in the first bidding
      234 words
    • 674 19  -  Ian McKellen takes on King Lear and The Seagull, reports PARVATHI NAYAR PARVATHI NAYAR Mm I I on^eart sas B°°d as I lit can get," says lan McKellen, acclaimed British stage actor I who has captured the world's imagination as the wise Gandalf in Lord
      REUTERS  -  674 words
    • 340 19  -  By GENEVIEVE CUA ÜBS is eyeing professionals and executives in its bid to expand its focus beyond the traditional entrepreneurial wealth market. Robust economic growth and rising asset values are expanding the ranks of the wealthy among career professionals, including doctors, lawyers
      340 words
    • 319 19 SISTIC may soon see the end of its monopoly on event venues such as the Esplanade and the Indoor Stadium with the launch of Tickets.com Singapore, a new franchisee of the international ticketing corporation. Formerly known as Ticket Charge, the company is the product
      319 words
    • 229 19 PREPARATIONS for the first F1 Grand Prix to be held in Singapore next year are racing ahead. Singapore GP Pte Ltd, the local promoter and organiser of the highly anticipated race, is also offering an exhaustive array of food, beverage and hospitality packages
      229 words
    • 98 19 Robert Half opens office here RECRUITMENT firm Robert Half International has opened its fifth Asia-Pacific office here. The new office will focus on permanent and contract placements in accounting, banking, finance and technology. The opening marks the firm's continued expansion on the back of record revenues of US$4
      98 words
    • 584 19  -  Employment outlook stays high; execs in finance and sales enjoy most demand By ARUN JOHN EMPLOYERS here remain on the lookout for new staff, even though they feel that there is a shortage of skilled candidates available, according to the latest report from recruitment
      584 words
  • Page 19 Advertisements
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  • SINGAPORE INTERNATIONAL
    • 1013 20  -  And S'pore companies are keen to make their presence felt, reports CHUANG PECK MING CHUANG PECK MING VIETNAM'S booming economy the fastest growing in Asia, after China is crying out for real estate developments. But until in recent years, Singapore companies have largely shunned
      1,013 words
    • 463 20 Vietnam presents many challenges but Ong Ong takes the long-term view VIETNAM is Singa-pore-based Ong Ong's first stop in the architecture firm's overseas foray. The move to strike out, after nearly 35 years operating on home ground, began just two years ago. Ong Ong, which
      463 words
  • Page 20 Advertisements
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    • 7 20 13 srsr- the Business times StNGAPOftt Singapore
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  • ECONOMY WATCH
    • 404 21 AP [WASHINGTON] Federal Reserve chairman Ben Bernanke told Congress yesterday that the US economy has emerged from its anaemic spell, but overall growth for the year will be lower than expected. Inflation remains the chief concern, he said. Delivering a mid-year Fed economic report
      AP  -  404 words
    • 587 21 The US, Europe asked to lower farm imports barriers NYT [WASHINGTON] The World Trade Organisation (WTO) tried to salvage stalled global trade talks on Tuesday by asking the US and Europe to lower their barriers to farm imports in return for greater export
      NYT  -  587 words
    • 410 21 Central bank acts after a government call for action on the volatile baht By OUR CORRESPONDENT in Bangkok THE Bank of Thailand yesterday announced a surprise fifth cut in interest rates this year. The quarter-point cut to 3.25 per cent
      410 words
  • Page 21 Advertisements
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  • MALAYSIA/INDONESIA
    • 532 22  -  But business elite much more upbeat, says new poll conducted by Gallup-Globe Asia By LAUREL TEO in Jakarta A RECENT survey of professionals and small-time business owners across Indonesia indicates that the economic sentiment among the middle class is still rather depressed, despite the
      Source: Globe Asia  -  532 words
    • 127 22 AP [JAMBI, Indonesia] Firefighters battled forest fires on Indonesia's Sumatra island that sent thick clouds of smoke across the region, a local official said yesterday. At least 37 hotspots were reported across the island yesterday and dozens of firefighters have been deployed, said Donny Osmon,
      AP  -  127 words
    • 271 22 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, operator of the nation's stock exchange, said that it's in talks with Middle East exchanges including Dubai to extend its palm oil futures contract and tap demand for assets that meet Muslim law. "We can be
      Bloomberg  -  271 words
    • 2451 22 VOi Jul U KM W- C000) ASM Realty 3.08 -0.02 8 Abfk Bhd 0.37 -0 02 406 Advance Synergy 0.34 -0.01 429 Adventa Bhd 1.84 0.10 2365 Ae Mutti Hldgs 0.33 0.01 152 Atfin Holdings .2.53 -0.02 2902 Ahmad Zaki Resou 3.98 -0.12 117 AicCorp .0.59 0.01 23
      2,451 words
    • 543 22  -  Analysts expect Penerbangan M'sia to bear repair costs By PAULINE NG in Kuala Lumpur A DISPUTE between Malaysia Airlines (MAS) and Fly Asian Express (FAX) over the condition of Fokker aircraft used to service cities in East Malaysia has become increasingly acrimonious. Over the
      543 words
  • Page 22 Advertisements
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  • INDIA
    • 190 23 Bloomberg [NEW DELHI] DLF Ltd, India's biggest property developer by market value, won an order worth 60 billion rupees (552.2 billion) to build a convention centre here. The convention and exhibition centre will be built near the airport and have
      Bloomberg  -  190 words
    • 403 23 AFP [SYDNEY] Australia on Wednesday played down the risk of a diplomatic rift with India over the treatment of a doctor on terror charges, as he appealed against a government decision to keep him locked up. "I don't see any rift developing
      AFP  -  403 words
    • 475 23 It sells 7.58 m US shares at US$92.10 apiece to meet demand for loans Bloomberg [MUMBAI] HDFC Bank Ltd, India's third-biggest by market value, increased its US share sale to US$69B million to fund accelerating demand for loans in an Asian economy
      Bloomberg  -  475 words
  • Page 23 Advertisements
    • 942 23 clear "messy" accounts arising from change of systems staff turnover meet statutory Head Office reporting deadlines submit accounts to financial institutions reconstruct accounts from incomplete records extract financial information for a litigation crunch figures in preparation for IPO Call 6-*****68 now Accountserve for the Accounting Specialists wwwitoneforestAccounticomsg iWfiMl iiSlHyMliiM ABIA^J^AAA|I^H^
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  • MIDDLE EAST
    • 518 24 In its 2nd bid this year, the fund offers 610p apiece, valuing UK retailer at £10.6b Bloomberg [DUBAI] A Qatar investment fund offered to buy J Sainsbury pic in the second bid this year for the UK's third-largest supermarket chain. Delta (Two) Ltd, which
      Bloomberg; AP  -  518 words
    • 98 24 Bloomberg [DUBAI] Dubai World, a government holding group, said it may invest in Australian real estate and tourism. "We see considerable potenptial for investment in property development, tourism and infrastructure such as marine terminals and business parks," said Dubai World chairman Sultan Ahmed Bin Sulayem, in
      Bloomberg  -  98 words
    • 242 24 Bloomberg [DUBAI] Saudi Mobile Telecommunications Co has hired Citigroup Inc and Samba Financial Group to raise US$3.7 billion in the biggest Islamic loan. A group of eight banks including BNP Paribas SA, Calyon, National Bank of Kuwait, Banque Saudi Fransi, Gulf International Bank BSC and
      Bloomberg  -  242 words
    • 8821 24 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S pore) Star Europe Eqty'** 1.161/ Star Europe Bond 1 184/ Star Europe Bal 1 293/ Star Asian Tiger Eqty 1 629/ Star Asia Bond 1 309/ Star Asia Balanced 1 139/ Star Global Technology Fund 1 0 242/ Muto St Fd 1
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  • Page 24 Advertisements
    • 72 24 Allianz Global Investors one of the world's largest aśet managers with more than US$1.2 trillion assets under management as at 31 December 2006. Bno one knows everything An investor who has all the answers doesn't even understand the questions. J« mjL Tell us about your "Best Investment Experience with Franklin
      72 words

  • GREATER CHINA
    • 510 25 Rivals still split on letting visitors arrive on direct charter flights from China AP [TAIPEI] Negotiations to bring more of China's tourists to Taiwan are not making progress, a senior Taiwanese official said yesterday, raising doubts for a broad-ranging accord
      AP  -  510 words
    • 200 25 AFP [BEIJING] China's Bank of Nanjing and Bank of Ningbo yesterday announced that they raised a total of US$l.42 billion from their initial public offerings (IPOs). Bank of Nanjing raised net proceeds of 6.71 billion yuan (Ssl.3 billion) from the stock sale while Bank of
      AFP  -  200 words
    • 300 25 Reu ters [BEIJING] China's state-controlled media has warned citizens to raise their awareness and prevent leakage of state secrets, charging that illegal surveys by foreigners in the country were on the rise and threatening national security. "Many Chinese mistakenly believe that geographic information is
      Reu ters  -  300 words
    • 602 25 LATWP [BEIJING] A rare open letter signed by 17 former top officials and conservative Marxist scholars ahead of a key Communist Party meeting accuses China's top leaders of steering the country in the wrong direction, pandering to foreigners, betraying the worker's
      LATWP  -  602 words
    • 366 25 Bloomberg [BRUSSELS] The European Union will press China, which has been criticised over the safety of toothpaste and food exports, to adopt stricter controls on the quality of toys and other goods. Consumer Protection Commissioner Meglena Kuneva will press Chinese
      Bloomberg; REUTERS  -  366 words
  • Page 25 Advertisements
    • 220 25 M I Bar": V Know How to Avoid Hazards Find out at our seminar on Date Wednesday, 1 August 2007 Time 9am to spm Registration closes Venue Novotel Clarke Quay, Singapore 27 July 2007 Fee $95 per person (inclusive of GST) Countries are increasingly introducing regulations similar to the European
      220 words

  • Page 26 Advertisements
    • 1171 26 BT ADVERTORIAL Family matters m 1 I was so worried last week when Pa took a fall and had to go to hospital. It you guess how expensive toddlers' clothes are these days? Her cardigans More than 3/4 of was his first major fall, and I panicked because I also
      1,171 words

  • ASIA PACIFIC/WORLD
    • 105 27 AFP [BANGKOK] Thailand lifted a ban yesterday on forming new political parties, but it remains unclear whether ousted premier Thaksin Shinawatra's party can regroup in time to contest polls expected by year's end. The National Legislative Assembly (NLA), appointed by military leaders who toppled
      AFP  -  105 words
    • 462 27 Bloomberg [LOS ANGELES] Imperial Tobacco Group pic, Europe's second-biggest cigarette maker, agreed to buy Altadis SA for 12.6 billion euros (5526.3 billion) to gain the Gauloises brand and Cuban cigars. Imperial will pay 50 euros a share, 29 per cent more
      Bloomberg  -  462 words
    • 379 27 LATEST US DATA Reuters, Bloomberg [WASHINGTON] US consumer prices rose by a slightly bigger-than-expected 0.2 per cent in June on higher food costs and they were up by the same amount after stripping out volatile food and energy prices,
      Reuters,; Bloomberg  -  379 words
    • 47 27 Reuters [LAS VEGAS ]Jerry Yang of Temecula, California poses with a pile of cash after winning the World Series of Poker main event at the Rio Hotel and Casino in Las Vegas, Nevada yesterday. Mr Yang won the US$B.25 million first prize. REUTERS
      Reuters; REUTERS  -  47 words
    • 510 27  -  By ANTHONY ROWLEY in Tokyo THE nuclear power plant in north-western Japan that caught fire and spilled radiation-polluted water into the Sea of Japan when a powerful earthquake struck this week may have been built directly over a geological fault line, a senior
      510 words
    • 828 27 A divided Bancroft family that controls US giant could still seek to scuttle deal NYT, AFP [NEW YORK] After months of back-and-forth negotiations, the board of Dow Jones voted on Tuesday night in favour of recommending a tentative deal to sell the publisher
      NYT,; AFP  -  828 words
  • Page 27 Advertisements
    • 290 27 q&a Citi Private Bank Wealthy Families Need A Global Trusted Advisor Jf^Bl Q How is Private Banking changing? Q Who can benefit from your services? A Client needs are evolving as information becomes A Clients with a net worth in excess of US$lO million can globally available. They demand a
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  • AVIATION
    • 448 28  -  It signs joint venture with Shenzhen Airport Group, similar to India deal By VEN SREENIVASAN CHANGI Airports International (CAI) has gone into partnership with Shenzhen Airport Group to develop regional airports across China. This is the first joint venture between the Shenzhen Airport Group and
      448 words
    • 570 28 Reuters [SAO PAULO] A Brazilian airliner crashed and burst into flames on Tuesday at Brazil's busiest airport, and as many as 200 people were feared dead in the country's second major air disaster in less than a year. Rescue crews said
      Reuters; REUTERS  -  570 words
    • 2411 28 CITY FLIGHT ETA FLIGHT ETP AfcaDfcaM SQ456 1300 Hillliil LH9771 1750 LH9770 2345 SQ268 1750 SQ269 2345 IHlilim SQ323 0630 AZ3993 2245 AZ3992 1555 KL838 2245 KL837 1555 L***** 2345 SQ324 2345 Mmm SQ348 0100 Mf AC5202 2335 AC5203 0645 LA895 2335 LA896 0645 Waillaai EK433
      2,411 words
    • 266 28 Reuters [SYDNEY] The Flying Kangaroo, well known around the world as the logo for Australian carrier Qantas, could be in for a facelift as the airline reviews its future following a failed takeover. The white marsupial adorning the red tails of Qantas planes might
      Reuters  -  266 words
    • 223 28 Xinhua [JAKARTA] The Indonesian government has invited Saudi Arabia to audit the safety standards of Indonesian airlines following its announcement of plans to adopt a European Union ban on all Indonesian airlines. "Saudi Arabia wants assurance that the kingdom is doing
      Xinhua  -  223 words
    • 437 28 AP [FORT WORTH, Texas] When the Boeing 777 lifts off from Dallas-Fort Worth International Airport this evening, headed for London, it will carry American Airline's hopes for snagging more of the premium international travellers who can fatten a carrier's bottom line. The flight will
      AP  -  437 words
  • Page 28 Miscellaneous
    • 308 28 CRYPTIC CROSSWORD ACROSS 8 English book containing good 1 HE |Hp HP IH^ summary (7) 10 Rolling work curtailed fast 8 111 P i I 11 Close fitting? Good when 12 March trailed by new enerHH H H 13 Recurrent idea from article by writer (5) j j j j'
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  • SHIPPING
    • 400 29 [NEW YORK] Odyssey Marine Exploration Inc, the discoverer of more than 17 tons of sunken treasure, said it has satisfied Spain's Culture Ministry that its Black Swan hoard wasn't recovered from Spanish waters. An Odyssey ship detained on July 12 awaited government papers before returning
      REUTERS  -  400 words
    • 157 29 Xinhua [JAKARTA] Indonesian authorities yesterday halted a search and rescue mission eight days after the sinking of a ferry with 91 people onboard, according to the manifest. Thirty-one passengers are still missing. The week-long operation has recovered 20 bodies, including that of the
      Xinhua  -  157 words
    • 470 29 Bloomberg [SINGAPORE] The rate for shipping fuel on tankers that can carry between 80,000 and 120,000 tonnes on Asian routes may extend declines this week on a rising number of vessels waiting for August bookings. The cost of shipping 80,000
      Bloomberg  -  470 words
    • 662 29 AFP [TAIPEI] Taiwan's first "bullet train" has taken a damaging toll on domestic aviation, forcing airlines to cut back on flights or shut down services altogether amid warnings the situation will get worse. Chang Kuo-cheng, head of the Civil Aeronautics Administration
      AFP  -  662 words
    • 361 29 A severe shortage of skilled manpower has lowered safety standards Reuters [MUMBAI] Fifteen ships have sunk off India's vast coastline over the past two months, mainly because of mechanical problems, as regulators and shipowners grapple with a shortage of skilled staff, officials said. Although
      Reuters  -  361 words
    • 298 29 Bloomberg [SYDNEY] Babcock Brown Infrastructure Group, an owner of ports, gas and power lines and a coal-export terminal, bought a majority stake in Belgium's Manuport Group, its third port acquisition in 18 months. Antwerp-based Manuport has a "significant pipeline of terminal development
      Bloomberg  -  298 words
    • 282 29 SGX *000 ini u «a vo» CH Offshore 0.84 -0.04 4435 Chuan Hup Hldgs 0.41 -0.03 5208 Cosco Corp 4.88 -0.02 ***** CWT Ltd 0.98 -0.04 1547 Ezra Hldgs 6.00 -0.25 1122 First 5hip Lease 0.96 -0.01 867 Freight Links 0.15 unch ***** Grand Banks 1.07 -0.07 85
      282 words
  • Page 29 Advertisements
    • 28 29 I ft*9ft I Lianhe Zaobao H I More than half I lof the crops I linDongtingareal I chomped away I Iby field mice, I witnessed Zaobao correspondent m
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    • 25 29 rest Meals, transport and laundry service available at reasonable charges. For Reservations or Enquiries (65) 6363 8181 Email: shipping@hotelBl .com.sg Website: www.hotelBl .com.sg ik nraniBi#l
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  • BizIT
    • 640 30  -  SOE implementation not expected to affect IT spend significantly, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY ■MfpSiiS HE Singapore government, including organisations like statutory boards, will spend around US$6O4 million on information technology this year, up 8 per cent from the
      Source: IDC, May 2007  -  640 words
    • 339 30  -  By WINSTON CHAI NOKIA has unveiled a new palm-sized device which promises mobile executives all the perks of surfing and e-mailing on the go without the bulk of conventional laptops. Unlike the Finnish phonemaker's product mainstay, cellular connectivity is starkly absent from the NBOO
      339 words
    • 265 30 AFP [SAN FRANCISCO] Google announced on Monday that it is shortening the lives of software "cookies" used to track users' online preferences. In coming months Google will begin issuing cookies that automatically expire two years after a person visits the website provided
      AFP  -  265 words
    • 480 30  -  By ROLAND LIM SINGAPORE will be the regional logistics "superhub" for storage vendor Network Appliance (NetApp), adding to its current role of Asean headquarters. Revealing this in an interview with BizlT last week, Tom Mendoza, president of Network Appliance, explained that there will be
      480 words
    • 329 30 NYT [NEW YORK] Shaking up the highest ranks of the video game industry, Electronic Arts, the world's largest publisher of video games, said that it had hired Peter Moore, head of interactive entertainment at Microsoft, to run its large but sluggish sports division. Microsoft
      NYT  -  329 words
  • Page 30 Advertisements
    • 216 30 Need a New Web Host? Switch to Webvislons for the following key differences: 1 st_t er Data Center management not remotely managed 24/7 true round-the-clock mission-critical support Multiple upstream providers for redundancy and uptime g Presence Powerful, reliable mission- JHPHk Protect your server or network Safeguard your Websites, Applications critical
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    • 8 30 SUPERHUB NetApp chooses S'pore as regional logistics centre.
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  • 12737 31 SGX MAINBOARD 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale ♦I- ('000) High Low B uyer Seller Cvr P/E Smil 3.5 2 5716 1st Software 2 susp 10 22 6 3148 8Telecom 19 2.5 4515 21.5 18 5 19
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  • 8189 32 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In UU dy yr dy Hi yr dy %yr J" 1 1? Inde* Change Change Change Change Change Change Wtxtt indnc Preliminary ***** 0.1 94 0.0 10.2 00 114 I fcAfl Preliminary *2061 -0 4 89 <13 110
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  • Page 33 Advertisements
    • 2080 33 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RDM/ATW/UK/NAN PACIFIC PIONEER CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DAM/KWT PAN DYNAMIC JDH/AQA/DMT/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
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    • 451 33 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOY »W HEIGHT SIM LK MAO SAV BAL ORE TAMERLANE AF722 3201 MS MM 28/07 21 /08 29/08 03/09 08/09 06/09 TAIKO Af723 4201 ms 6.4 M 09/00 OMIT 09/09 13/09 11/09 16/09 TAUSMAN AE725 3201ww 6.4 M 21/01 OMIT 27/09 01/10 05/10
      451 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5257 34 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 31/07 11/08 SCI EMIRATES MARINA 729W *****355 To ADELAIDE (ADL) 2007 Australia 29/07 17/08 China Shpg ANL WARRINGA 0075 *****898 29/07 17/08 PTDjakafta
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  • Page 34 Advertisements
    • 1259 34 WAN HAI INTERNATIONAL PTE LTD at no **********0/R VnrV llfflll II A I lllirr 111:*****588 (14UNES) FAX:*****163 \\\M > WAN If Al I IMEV Customer Service/Bookings Direcl line (1800) *****200 V V "'"11 lim klllb J naiH; (03) XMWttSHU: (03) *****31 PBI1E: (04) *****00HU: (04J*****99 V" JOHIH; (07) *****23 F/Ut
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    • 916 34 [VESSEL VOY PKI SIN KHI DXB BAB PMM BIK KHO IRAN BAABAEI PC L 8207 23/07 24/07 02/08 05/08 06/08 12/08 14/08 16/08 IRAN SATTARI PCLB2OB 01/08 02/08 11/08 14/08 15/08 21/08 23/08 25/08 IRAN TABATABAEI PC***** 07/08 08/08 17/08 20/08 21/08 27/08 29/08 31/08 VESSEL VOY SIN NHS BNP
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    • 624 34 m ifs& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS rasa I toy I sin I nhaik colowo i sub* colomio >gi*fWww my* ami! M 211 2LUIL_ JIM— sawn ma ?4m am oi *ug osaug tourawm m>iw o?aug I omii I omit iqaug iiaug ALSO
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  • EDITORIAL & OPINION
    • 482 36 EDITORIAL DEBATE on pollution caused by airlines has been rekindled despite the recent rollout of the world's most fuel-efficient aeroplanes. Under a proposal from the European Commission in December last year, airlines would have to meet quotas either by reducing their emissions or by
      482 words
    • 979 36  -  The 'grab all you can while you can' attitude prevalent among the privileged could boomerang soon ANTHONY ROWLEY Tokyo Correspondent OES anyone care anymore about duty to the public or to public and private sector institutions, and the need to avoid con_Jp flicts of
      AP  -  979 words
    • 805 36  -  THE BOTTOM LINE ROBERT SAMUELSON I HAVE always liked commas, but I seem to be in a shrinking minority. The comma is in retreat, though it is not yet extinct. In text messages and e-mail, commas appear infrequently, and then often by
      805 words
    • 997 37  -  The region is leading the world in the quest for atomic power as concerns about energy security and global warming grow By MICHAEL RICHARDSON SIAN countries are lining up to expand or introduce nuclear power. All say they need it to meet surging demand for jg
      AP  -  997 words
    • 764 37  -  With the insatiable demand for biofuels pushing palm oil prices up, cooking oil is fast becoming a luxury By By FITRI WULANDARI and MITA VALINA LIEM ECORD-HIGH palm oil prices due to p voracious global demand for the oil used for food and now increasingly as
      REUTERS  -  764 words
    • 218 37  -  LETTER TO THE EDITOR Lee Kuan Yew Minister Mentor I READ ST, July 11th 2007, the views of Chiang Hai Ding and former PAP MPs on their writing of their memoirs. They would refresh their memoirs if they read up old written
      218 words

  • Page 37 Advertisements
    • 103 37 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter&sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • PROPERTY
    • 639 38 The US$560m building is next to its existing office; projected start date of January 2009 Bloomb erg [NEW YORK] Goldman Sachs Group Inc plans to build the first new office tower on the Jersey City, New Jersey, waterfront since the Sept 11
      Bloomb erg; BLOOMBERG  -  639 words
    • 355 38 It will help finance a commercial real estate project there Bloomberg [MOSCOW] Deutsche Bank AG will join a group of investors in a project to build four office towers and a hotel that it's financing in central Moscow, as Germany's biggest bank expands into
      Bloomberg  -  355 words
    • 637 39 Cross-border buys lift global spending by 17% to US$382b in first half of 2007 Bloomberg [LONDON] Commercial real estate drew a record US$3B2 billion of investment in the first half, led by private equity buyouts in the United States and cross-border transactions, property consultant Jones
      Bloomberg; BLOOMBERG/FILE PHOTO  -  637 words
    • 375 40  -  Soleil Sinaran is latest in new trend for high-rises that enhances privacy By ARTHUR SIM THE upcoming Frasers Centrepoint Homes condo Soleil Sinaran is the latest to reflect the trend for soaring buildings raised high on columns. Architects 61, which also designed The Cosmopolitan
      375 words
    • 143 40 Bloomberg [SYDNEY] Macquarie Office Trust, a real estate investment trust (Reit), said the book value of some of its US assets rose by about 11 per cent, or U*****.7 million. Stakes in six buildings spread across California, Colorado, Delaware, Georgia and Washington DC,
      Bloomberg  -  143 words
    • 267 41 The firm will put up a 59-storey office retail tower in light of rising rents Bloomberg [KUALA LUMPUR] KLCC Property Holdings Bhd, owner of the world's second-tallest building, may build more office space here after a shortage of space raised rents to a
      Bloomberg  -  267 words
    • 354 41 Bernama [SHAH AIAM] A number of international investors have shown keen interest in the i-City project and are in discussions with developer I-Bhd on their possible involvement in it, Selangor state executive councillor Tang See Hang said yesterday. "These proposed ventures vary from
      Bernama  -  354 words
    • 1857 41 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (SS'OOO) (SS) District 1 NON-LANDED People's Park Cplx Apt 26/06/2007 99 1604 850 530 The Sail Marina Bay Apt 28/06/2007 99 893 1295
      1,857 words
    • 389 42  -  GIC RE and 2 others will acquire and redevelop the retail property for A$1.1b By UMA SHANKARI A CONSORTIUM which includes Singapore's GIC Real Estate has agreed to acquire and redevelop an iconic Melbourne site for some Asl.l billion (551.46 billion), the property
      389 words
    • 443 42  -  Plot gets moved to Confirmed List after just 6 months on the GLS Reserve List By ARTHUR SIM AFTER just sue months on the Government Land Sales (GLS) Reserve List, a prime hotel site at Upper Pickering Street has been moved
      443 words
  • Page 38 Advertisements
    • 239 38 LANDMARK TOWER l£BGl Land area 60,821 sq ft IgflM qO Mall lit eentrai Leasehold 99 yrs wef 16/06/1980 Plppi PH e r iiTE ,ECT <^ Square Residential plot ratio 3.7 y Exclusive location overlooking Pearl's Hill City Park riltfilW H|l Jm~» 360° panoramic views of the cityscape, lush greenery and
      239 words
    • 143 38 Subject Site -100% Consensus Beach" Address: Loyang Terrace Jfej Site Area: ***** sq. ft. Besar 9 Plot ratio: 1.4 up to 5 storeys Tenure: Leasehold (946 years) Lifestyle ||iiS@i®ive3L Walking Distance to Pasir world n Downtown Ris beach East •Near to NTUC Lifestyle Aranda &sir Ris Drive 6 World Downtown
      143 words
    • 236 38 r II lorn,, vjrandeur by PrapHai Group Chatsworth 15,000sqft PR Choice Anion I,2oosqft 2rms Tanglin 15,000sqft PR Choke BLVD 2,o34sqft 3rms Cornwall 15,000sqft PR Choice Buckley Res I,3oosqft 3rms Cable 15,000sqft PR Choice Condo Grange 2,ls3sqft 3rms Bishopsgate IS.OOOsqft $20m Cuscaden Res I,27osqft 2rms Belmont 22,OOOsqft Value Cuscaden Royaie I,ooosqft
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  • Page 39 Advertisements
    • 32 39 :v S 100% Pure Fun. Less Talk Ml v i faMeaft feMNMHBHVBVVn V- A Wt: y v &■|B Radio 91.3 is managed by SPH Unionworks, a subsidiary of VMV Singapore Press Holdings
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    • 195 39 8 River Valley Close 128,300 sq ft of Prime Freehold Residential Land in District 9 Rivergate Tribeca Singapore Great World The Trillium The Cosmopolitan (u/c) (u/c) River City (u/c) (u/c) H 1 si'th a i< jßi /i. fas 2| I Collective Sale of f..««™ Pacific Mansions rrt Pafk The OT
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  • Page 40 Advertisements
    • 322 40 y -7" v '*vF> r g >',- 1 J Jj|f |f" jjjj ■■BBBSBa Prime Cbd Commercial Space U\ f'J -»h IpiippiM U pj J Site Area: Approx. 19,203 sq ft 1 p B M Max. GFA: 26,884 sq ft hOR SAT U J- I X WXV L/ Close proximity to
      322 words
    • 72 40 I LUXURIOUS DEVELOPMENT SITE FOR SALE BY EXPRESSION OF INTEREST 65 Lloyd Road, Meng Garden Apartments Large site area approx 4 Jwlk 35 600 sc l ft Plot Ratio 2.8 f Quiet locality off Killiney Road J Walking distance to Somerset MRT station and Orchard Road IHHe shopping belt Vibrant
      72 words

  • Page 41 Advertisements
    • 223 41 Prime Office Building KECK SENG TOWER 133 Cecil Street 18-storey office building with 122 car park lots Land Area: 17,322 sq ft approx Gross Floor Area: 173,535 sq ft Lettable Area: 116,586 sq ft 2003 Master Plan: Commercial 11.2+ Ideal for investment holding, upgrading or redevelopment Stone's throw from Proposed
      223 words

  • Page 42 Advertisements
    • 375 42 standby cash. recognise opportunity. v —__V 7 Cashline Platinum. The Power Of Leverage. Get up to $200,000 A at only 6% per annum. With a generous credit limit of up to $200,000*, this credit line provides you with cash to do whatever you want. Be it to invest in your
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